Real Estate Investing in Underwood, North Dakota (58576)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58576 (Underwood, ND)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Underwood, ND (58576)?
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Market Analysis: 58576 Underwood
Investors eyeing 58576 need to respect the fundamentals at play. Home values of $162K come alongside slower price movement and elevated management overhead.
The investment case in 58576 is significant only for operators who understand what they are buying. A $162K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within ND, ZIP 58576 trails on several market indicators that neighboring McLean County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Who lives in 58576 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 58576 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Underwood:
Property Strategy for 58576
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $161,788 | $1,210 | 5.4% | — | $53,929 |
| 4BR | $199,235 | $1,470 | 5.3% | — | $49,809 |
Market Trends
Home Value History (with trend line)
📊 How Does 58576 Compare?
| Metric | 58576 | Underwood | North Dakota |
|---|---|---|---|
| Home Value | $162,353 | $162,353 | $278,677 |
| 5-Year CAGR | 4.5% | 4.5% | 3.7% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58576 (Underwood, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,353 |
| Monthly Rent | $783 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 58576
Population: 1,005
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 58576
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is housing expensive in Underwood, ND?
Underwood, ND median home values land near $162K. That is reasonable territory for investors looking at $783/mo-per-month rentals.
How quickly do rentals get leased in Underwood, ND?
Underwood, ND carries elevated vacancy risk. Expect predictable absorption at market rents of $783/mo.
How strong is the working-renter base in Underwood, ND?
Tenant demand in Underwood, ND is solid. The local workforce $783/mo rents across most rental classes.
How much rent can I charge in Underwood, ND?
Rents in Underwood, ND run near $783/mo. Compared with median home prices of $162K that produces solid gross yields for typical rentals.
Is Underwood, ND landlord-friendly?
ND law landlord-friendly for landlords, and Underwood inherits those rules. Investors should still review local ordinances for rental licensing.
You know 58576 now. You don’t know where it ranks.
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Community Ratings
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